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benedict's announcement that he will step down at the end of the month citing his advanced age. he's the first pope to resign in almost six centuries. >>> dell defends the buyout in an s.e.c. filing. they said the deal spearheaded by michael dell and private equity firm silver lake partners offers the best value for shareholders. three more of dell's largest investors are joining southeastern asset management. they believe the deal undervalues the company. david, we had this discussion on day one. it's been a while since it's seen $20. but it seems that's what they want. >> the buy outprice could make you to hope in some way you can at least get back to even. >> always bit a risk when you do a deal. even as it may be for a company that is facing challenging times, that is below the 52-week high. we knew it would likely be at that level. my reporting, and experience on these matters, would indicate really best to see and wait. let's see what happens over the next four, five, even six months before this deal closes. if the s&p were to rise significantly, it might perhaps make those w
a shocking development from catholics from the vatican. pope benedict is stepping down saying he no longer has the mental or physical strength to cloak with the ministry. thake the 85-year-old german pope the first pontiff to step aside. many within the vatican itself were caught off guard, it would appear. even his inner circle unaware he was about to abdecate. >> by the end of the week we should see us airways and american merge. is this the consolidation play when it comes to airline stocks in when you see the numbers, you might say, maybe so. that story when "power lunch" returns. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> welcome back to "power lunch." i'm josh lipton with a cnbc market flash. analyst with fossil's report due out tomorrow. watching the company to hold and anal
benedict xvi stepping down after nearly eight years as pontiff after unexpectedly announcing his resignation on february 11th for health reasons. you can see him walking down the hall here. he's expected to depart vatican city by helicopter heading to castel gandolfo where he will take up temporary residence until his new residence outside of vatican city is complete. once he steps into the castel gandolfo, the doors will closed and it is complete. >> thousands of people stormed into st. peter's square to watch this happen. they put big screen televisions inside the vatican grounds for the public to watch what is happening. it's hard to get a vantage point of the scale if you've never been there but isn't that just an amazing thing to watch? >> and historic are, given that we haven't seen anything like this in 600 years, right? >> i wasn't there but obviously you were, david. eagerly checking the stocks. >> yes, i was. >> interesting this morning, cardinal dolan of new york was asked if he stands a good chance of taking his place. he said, about as good a chance as a-rod has. obv
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